https://www.taxtmi.com/highlights?id=83493 This circular from the Central Board of Direct Taxes (CBDT) condones the delay in filing Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22, and 2022-23 under certain conditions. Principal Commissioners/Commissioners of Income Tax can condone delays up to 365 days, while Principal Chief Commissioners/Chief Commissioners/Directors General can condone delays beyond 365 days. Conditions include timely filing of the return, opting for taxation u/s 115BAA/115BAB, and genuine hardship. Applications beyond three years from the assessment year's end won't be entertained. Pending applications as of the circular's issue date are covered. The circular aims to avoid hardship in exercising the option u/ss 115BAA/115BAB. en-us Thu, 28 Nov 2024 22:44:29 +0530 Thu, 28 Nov 2024 22:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83493 This circular from the Central Board of Direct Taxes (CBDT) condones the delay in filing Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22, and 2022-23 under certain conditions. Principal Commissioners/Commissioners of Income Tax can condone delays up to 365 days, while Principal Chief Commissioners/Chief Commissioners/Directors General can condone delays beyond 365 days. Conditions include timely filing of the return, opting for taxation u/s 115BAA/115BAB, and genuine hardship. Applications beyond three years from the assessment year's end won't be entertained. Pending applications as of the circular's issue date are covered. The circular aims to avoid hardship in exercising the option u/ss 115BAA/115BAB. Highlights Income Tax Thu, 28 Nov 2024 22:44:29 +0530 https://www.taxtmi.com/highlights?id=83493